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SAN FRANCISCO—James Andrew Munk, the Chief Accounting Officer of Samsara Inc. (NYSE:IOT), a $21.39 billion market cap company with impressive 76% gross margins, recently sold shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. According to InvestingPro data, the company has shown strong revenue growth of 33% over the last twelve months.
On March 17, Munk sold a total of 9,369 shares, generating approximately $361,583. These transactions were executed at prices ranging from $38.06 to $39.02 per share. The following day, March 18, he sold an additional 3,573 shares at a price of $37.88 each, amounting to $135,345. The stock currently trades at $39.84, showing characteristic volatility that InvestingPro analysts have identified as a key pattern.
The sales were conducted as part of a Rule 10b5-1 trading plan, which Munk adopted on September 25, 2024. After these transactions, Munk holds 150,265 shares directly, with additional shares held indirectly through the Munk Family Trust. For deeper insights into Samsara’s valuation and comprehensive analysis, including 10 additional ProTips and detailed financial metrics, visit InvestingPro.
In other recent news, Samsara Inc. has reported significant financial achievements, including a 36% adjusted growth in the fourth quarter and a revenue beat of approximately 3.5%, according to TD Cowen. The company also reported a 33% increase in Annual Recurring Revenue (ARR) on a constant currency basis, as noted by RBC Capital Markets. Samsara’s fiscal year 2026 guidance forecasts a 23-24% growth in constant currency, aligning with market expectations. In terms of analyst ratings, Piper Sandler upgraded Samsara to an Overweight rating with a price target of $50, citing the company’s potential for over 20% growth and increased market share in fleet management. However, Truist Securities and RBC Capital Markets have both lowered their price targets to $42 and $54, respectively, while maintaining their ratings due to broader market conditions. Samsara has also announced a strategic partnership with Hyundai (OTC:HYMTF) Translead to provide a factory-installed trailer monitoring system, enhancing safety and operational efficiency for fleets. This collaboration reflects Samsara’s ongoing commitment to integrating advanced IoT solutions with industry leaders.
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